Aedis Real Estate Group

What Aedis Real Estate Group does

Aedis Real Estate Group, Inc. is a privately held California-incorporated real estate developer and adviser founded in 2011 and headquartered in Laguna Beach. The company develops and manages affordable and supportive housing, with a portfolio of approximately 1,900 units across six states (California, Tennessee, Kentucky, Mississippi, Indiana, Washington, Nevada) acquired since 2011 for over $117 million and rehabilitated with more than $58 million in capital improvements. Property types include family affordable housing, senior affordable housing (Clarksville TN, Cleveland MS), and, through the Hope Street Initiative launched circa 2017–2018, permanent supportive housing and emergency shelters for chronically homeless individuals in Los Angeles County.

The company's core technical differentiator is a steel modular construction system using prefabricated shipping-container-based modules sourced from China, modified off-site (GrowthPoint Structures in Carson, CA), and crane-installed on-site. This approach is reported to reduce construction time by roughly 50% versus traditional stick-built methods and to support LEED/Green Rating Gold design standards (cool roofs cutting heat absorption by over 90%, 20% A/C electricity savings, 33% lighting energy savings). The firm also operates a "Creative Services" advisory line covering pre-construction, entitlement, construction management, tax-credit delivery, JV partnerships, bridge financing, and grant anticipation loans.

Aedis's business model is built on tax-exempt bonds and 4% Low Income Housing Tax Credits as the primary financing mechanism, augmented by Los Angeles Measure HHH bond program loans (e.g., $6.7M for Hope on Broadway, $9.3M for Hope on Hyde Park) and HUD project-based Housing Assistance Payment contracts that provide 20-year recurring rental revenue. Rents at Hope properties are restricted to households at 50–60% of area median income and range from $768 to $1,014 per month. Major Hope Street Initiative projects include Hope on Alvarado (84 units, $27M+), Hope on Hyde Park (98 units, $39M, AIAOC Design Honor Award winner), Hope on Broadway (49 units, $18M), Hope on Avalon (89 units, $43.5M), Hope on Lafayette Park (77-bed shelter), and Hope on Western (17-bed shelter). Delivery is executed through the Hope Street Development Group joint venture with LSA Capital, HBG Construction, KTGY Architecture, and Foundation for Affordable Housing, with on-site wraparound services provided by LA County DHS, Brilliant Corners, and Homeless HealthCare Los Angeles.

Name

Aedis Real Estate Group

Legal name

Aedis Real Estate Group, Inc.

Website

https://aedis-re.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Aedis Real Estate Group is a privately held, California-based affordable housing developer founded in 2011 that owns and manages approximately 1,900 units across six states and operates the Hope Street Initiative, a steel modular / shipping-container construction program delivering permanent supportive housing and emergency shelters for chronically homeless individuals in Los Angeles County.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Rental and Leasing Services (532)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable & Public Housing Asset Management (BPAJAMAI)

akta.pro secondary industries

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD), Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Affordable housing development
• Modular construction housing
• Supportive housing services
• Low income housing
• Real estate advisory

Headquarters

HQ city

Laguna Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Tax Exempt Bonds and LIHTC Financing: Primary financing mechanism using tax exempt bonds and 4% Low Income Housing Tax Credits for property acquisitions and rehabilitations across six states.
2. Measure HHH Funding: Receiving loans from City of Los Angeles Measure HHH funding, a $1.2 billion bond program for supportive housing. Hope on Broadway received $6.7 million HHH loan and Hope on Hyde Park received $9.3 million HHH loan.
3. Property Acquisition and Rehabilitation Services: Since 2011, participated in acquisition of 12 properties totaling nearly 1,900 units at cost of over $117 million and oversaw rehabilitation of over $58 million in capital improvements.
4. Project Based HAP Contracts: Properties covered by project-based Housing Assistance Payment contracts, providing steady rental income stream for 20-year renewed terms.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Aedis Real Estate Group is an affordable housing developer and adviser that acquires, rehabilitates, and develops multifamily and supportive housing properties for low-income individuals, families, seniors, and the chronically homeless across six U.S. states. The company deploys proprietary steel modular construction (shipping container-based modules) to deliver permanent supportive housing roughly twice as fast as traditional stick-built methods. It also offers Creative Services, a fee-based advisory covering construction management, acquisition/rehabilitation, and financing (JV partnerships, bridge financing, grant anticipation loans, and tax credit delivery) for third-party clients.

Product overview

Aedis Real Estate Group is a real estate investment and development firm focused on affordable housing across the United States. The company operates a portfolio of 16 named properties totaling approximately 1,900 units across six states, and manages the Hope Street Initiative — a modular construction program delivering permanent supportive housing for the chronically homeless in Los Angeles. The portfolio spans three property categories: (1) Hope Street Initiative properties (Hope on Alvarado, Hope on Hyde Park, Hope on Broadway, Hope on Lafayette Park, Hope on Western) built using steel modular/shipping container construction techniques under the Hope Street Development Group joint venture; (2) standard affordable housing acquisition/rehabilitation properties (Haynes Garden, South Central Village of Clarksville, Dudley Court, Abel Court, South Central Village of the Elderly, Cross Lakes, Giant Oaks, Meadowlark, Ashwood Downs, Covered Bridge, Summerhill) purchased since 2011 with HAP contracts and financed primarily through tax-exempt bonds and 4% Low Income Housing Tax Credits; and (3) Creative Services — a fee-for-service advisory offering covering construction management, acquisition/rehab, and financing services for third-party clients. The company functions as a property developer and asset manager, not a software product company.

Differentiator

Problem solved

Functional benefit

Products and services

• Hope Street Initiative A comprehensive program addressing homelessness through the development of permanent supportive housing for the chronically homeless in Los Angeles, involving modular construction, on-site social services coordination, and partnerships with Los Angeles County Department of Health Services.
• Hope on Alvarado A four-story steel modular apartment complex with 84 studio and one-bedroom units at 166 S Alvarado Street, Los Angeles, serving the chronically homeless, with total project costs exceeding $27 million.
• Hope on Hyde Park A 98-unit apartment complex at 6501 Crenshaw Blvd, Los Angeles, built with steel modular Type IIB construction for chronically homeless residents, with total project costs approximately $39 million and AIAOC Design Honor Award recognition.
• Hope on Broadway A 49-unit four-story supportive housing complex at 5130 Broadway Street, Los Angeles, utilizing steel modular construction to serve the chronically homeless, with total project costs approximately $18 million and $6.7M Measure HHH loan.
• Hope on Lafayette Park A 77-bed emergency shelter design-build project for homeless individuals and families in Los Angeles District 10, constructed within 26 weeks of contract execution with the City of Los Angeles.
• Hope on Western A 17-bed emergency shelter design-build project for homeless individuals and families in Los Angeles District 10, constructed within 26 weeks of contract execution with the City of Los Angeles.
• Creative Services Advisory and management services covering construction (pre-construction funds, entitlements, construction management, general contracting), acquisition/rehab (market analytics, rehab optimization, tax credit delivery), and financing (JV partnerships, bridge financing, grant anticipation loans, linkage voucher purchase) for third-party clients.
• Affordable Housing Portfolio (Acquisition & Rehabilitation Properties) Portfolio of acquired and rehabilitated affordable multifamily housing properties across six states including Haynes Garden (Nashville, TN), South Central Village of Clarksville (TN), Dudley Court (Paducah, KY), Abel Court (Bowling Green, KY), South Central Village of the Elderly (Cleveland, MS), Cross Lakes (Anderson, IN), Giant Oaks (Anderson, IN), Meadowlark (Indianapolis, IN), Ashwood Downs (Olympia, WA), Covered Bridge (Indianapolis, IN), and Summerhill (Las Vegas, NV), with project-based HAP contracts providing 20-year recurring rental income.

Quantifiable outcome

• Construction timeline reduced by approximately 50% (12 months vs 24 months traditional)
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles4 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and major.

• HBG Construction CorpcoreImplementation/ SI/ Consulting Partner · 19 October 2021Construction partner and joint venture partner in Hope Street Development Group. Specializes in modular construction using steel modules, working with Aedis to develop supportive housing projects.
• C.W. Driver CompaniescoreImplementation/ SI/ Consulting Partner · 10 May 2021Construction partner for Hope on Hyde Park project in Los Angeles. C.W. Driver Companies served as the general contractor for the 98-unit affordable housing development.
• Brilliant CornersmajorStrategic or Co-development Partner · 10 May 2021Nonprofit partner providing support services and housing coordination for Hope on Hyde Park project in Los Angeles.
• Homeless HealthCare Los AngelescoreStrategic or Co-development Partner · 24 September 2019Service provider providing supportive services and case management for residents at Hope on Alvarado property, with offices located at street level of developments.
• Hoffman Management and Construction CorporationmajorImplementation/ SI/ Consulting Partner · 23 September 2019Construction partner for Hope on Broadway project in South Los Angeles, working in partnership with Aedis Real Estate Group on the 49-unit modular supportive housing development.
• Los Angeles County Department of Health ServicescoreStrategic or Co-development Partner · 1 March 2019Primary government partner coordinating housing and supportive services for chronically homeless residents. DHS vets all new residents, provides move-in assistance, and coordinates case management services. Provides on-site, wraparound services as part of mental health management programming.
• KTGY Architecture + PlanningcoreTechnology or Integration · 1 January 2019Architectural design partner for all Hope On modular housing developments including Hope on Alvarado, Hope on Hyde Park, Hope on Broadway, and Hope on Avalon. Designs feature prefabricated modular units built off-site with customized interior finishes.
• HBG Steel / AzriacoreTechnology or Integration · 1 January 2018Steel module manufacturer and modular construction technology partner. Provides prefabricated steel modules sourced from China for Hope On housing developments.
• GrowthPoint StructurescoreTechnology or Integration · 17 December 2017Shipping container modification and prefabrication partner. Carson-based company revamps shipping containers to be assembled as apartments for homeless housing projects. Manufacturing facilities in Carson, CA.
• Foundation for Affordable HousingcoreStrategic or Co-development Partner · 1 January 2017Nonprofit housing development partner working with Aedis on affordable housing projects including Hope on Alvarado and Hope on Hyde Park developments.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BRIDGE Housing Corporation: One of the largest nonprofit developers of affordable and supportive housing in California and the Pacific Northwest, using LIHTC and tax-exempt financing to acquire, develop, and manage multifamily affordable communities — directly comparable to Aedis's acquisition/rehab model and supportive housing focus.
• A Community of Friends: Los Angeles-based nonprofit developing permanent supportive housing for homeless and special-needs populations using LIHTC and city/county partnerships — directly comparable to Aedis's Hope Street tenant base and partnership-driven capital stack.
• Abode Communities: Los Angeles-based nonprofit developer of affordable, supportive, and workforce housing using LIHTC and city/county financing — directly comparable to Aedis's LA-focused Hope Street Initiative and tenant mix.
• EAH Housing: California-based nonprofit affordable housing developer and manager with thousands of LIHTC units across California and Hawaii, including senior and family properties — comparable to Aedis's multi-state, LIHTC-financed portfolio and senior housing exposure (e.g., South Central Village properties).
• The John Stewart Company: California-based affordable housing developer and property manager with a large Bay Area/Los Angeles portfolio of LIHTC-financed multifamily and supportive housing — comparable in geography, financing model, and tenant mix to Aedis.
• Skid Row Housing Trust: Los Angeles-based nonprofit developer and operator of permanent supportive housing for chronically homeless and low-income residents, including innovative modular construction projects — directly comparable to Aedis's Hope Street Initiative and tenant population.
• LINC Housing Corporation: Long-standing California nonprofit developer of affordable and supportive housing using LIHTC, tax-exempt bonds, and partnerships with counties and service providers — closely analogous to Aedis's joint venture and Hope Street models.

Broad incumbents

• Mercy Housing: One of the largest national nonprofit affordable housing developers and managers, operating ~50,000 units across 40+ states with deep LIHTC and government partnership experience — a scaled incumbent in the same affordable housing category as Aedis.
• Enterprise Community Partners: National nonprofit investor, developer, and policy advocate that deploys LIHTC equity and capital into affordable housing developers — both a peer in scale and an adjacent capital partner in Aedis's LIHTC-financed development model.
• Related Companies (Affordable): National real estate developer with a substantial affordable housing arm producing LIHTC-supported multifamily communities across the U.S. — a broad incumbent operating at much larger scale but in the same affordable housing category as Aedis.

Market position

Strengths5 records

Weaknesses3 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aedis Real Estate Group